China will add 11 new currencies to CFETS RMB Index on 01 January 2017; expands the RMB Index from a basket of 13 currencies to 24 currencies. The CFETS Index is a guidance for market participants to look at Renminbi against a basket of currencies instead of focusing on USDCNY exchange rate only.
According to 2016 Triennial Central Bank Survey, Singapore increased market share as 3rd largest forex trading centre in the world, largest in Asia Pacific.
Triennial Central Bank Survey 2013 reports Singapore 3rd largest foreign exchange trading centre displacing Japan. Hong Kong at 5th place. Singapore Dollar market share drops to 15th place.
Dollar Index vs Euro prints strong negative correlation: EURUSD falls Dollar Index rise, EURUSD rises Dollar Index falls. Shows divergence in chart.
Singapore is the fourth largest foreign currency trading centre in the world This is according to the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in 2010 conducted by the Bank for International Settlements. The next time this survey is conducted is